Stocks, Bonds Fluctuate in Holiday-Thinned Trade: Markets Wrap
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(Bloomberg) — Stocks and bonds posted small moves amid muted holiday trading after Friday’s benign US inflation data reinforced expectations that the Federal Reserve will cut interest rates this year.
Catastrophe-Bond Risk Premia Drop to Rates Last Seen in 2022
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(Bloomberg) — Investors in catastrophe bonds are seeing a decline in risk premia to levels not seen since before Hurricane Ian hit Florida in 2022, as a surge in fresh capital drives down potential returns.
Swiss Economy Resumes Growth in Rebound From US Tariff Shock
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(Bloomberg) — Switzerland’s economy rebounded at the end of last year, partially shaking off the impact of outsized tariffs inflicted by US President Donald Trump.
Netanyahu Says Iran Deal Has to Strip Away Nuclear Capabilities
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(Bloomberg) — Israeli Prime Minister Benjamin Netanyahu said he proposed terms for any deescalation deal with Iran during a meeting with US President Donald Trump last week.
BOE on Knife Edge Over Rates Awaits Pivotal UK Inflation Data
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(Bloomberg) — The Bank of England will watch a slew of data closely in the coming days after a knife-edge decision to keep interest rates steady on concerns that inflation is still uncomfortably high.
Treasury Yields Fall as CPI Keeps Fed Wagers Alive: Markets Wrap
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(Bloomberg) — Wall Street got a degree of relief as relatively tame inflation data spurred bigger bets on Federal Reserve rate cuts, with bond yields falling. While most stocks gained, weakness in tech giants kept a lid on the market.
Swiss Inflation Stays Positive in Limited Relief for SNB
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(Bloomberg) — Swiss inflation stayed just above zero in January, offering limited respite to the Swiss National Bank from pressure to reintroduce negative interest rates.
Nasdaq 100 Sinks 2% as AI Jitters Roil Wall Street: Markets Wrap
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(Bloomberg) — Prices buckled across several asset classes as concern about tech profits and weakness in commodities sent stocks down the most in over three weeks. Gold and silver tumbled as traders plowed money into the perceived safety of bonds. A rout in Bitcoin deepened.
Verisure Shares Slide as Earnings Fail to Convince Investors
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(Bloomberg) — Shares in Verisure Plc dropped the most on record after earnings from the Swedish alarm group failed to reassure investors who had been selling the stock on fears around artificial intelligence-related disruption.
Gas-Hungry Europe to Get Rare LNG Shipment Reloaded From China
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(Bloomberg) — A liquefied natural gas shipment reloaded from China — the world’s top buyer of the fuel — is heading to Europe, a rare move that highlights the continent’s push to refill dwindling inventories.
Treasuries Fall as Strong Jobs Curb Fed-Cut Bets: Markets Wrap
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(Bloomberg) — A stronger-than-anticipated US jobs report spurred a slide in Treasuries as traders pared bets on Federal Reserve rate cuts in 2026. An initial rally in major stock benchmarks waned. Cryptocurrencies slumped.
JPMorgan Promotes Communications Banker Koep to Top Global Role
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(Bloomberg) — JPMorgan Chase & Co. has named Burkhard Koep as global head of communications investment banking, as transactions involving digital infrastructure continue to drive deal volume.
Swiss Franc Faces ‘Exceptional’ Demand Even as SNB Risk Lingers
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(Bloomberg) — Investors are treating the Swiss franc as the purest safe haven on the market, brushing off the threat of central bank intervention as they seek out alternatives to the US dollar.
S&P 500 Halts Rally as Bonds Climb on Retail Sales: Markets Wrap
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(Bloomberg) — Wall Street traders gearing up for the key jobs report drove a rally in Treasuries after weak retail sales bolstered the case for the Federal Reserve to lower interest rates this year. Still, those bets weren’t enough to lift the S&P 500 to fresh all-time highs. Bitcoin sank.
Alphabet Sells Almost $32 Billion Bonds as Tech Races to Fund AI
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(Bloomberg) — Alphabet Inc. raised almost $32 billion in debt in less than 24 hours, showing the enormous funding needs of tech giants competing to build out their artificial intelligence capabilities — and the huge appetite from credit markets to fund them.
Traders Greenwich Metals and Element Alpha Said to Pursue Merger
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(Bloomberg) — Greenwich Metals Inc. and Element Alpha SA are finalizing talks over a merger that would give the commodity traders greater heft in key markets, according to people familiar with the matter.
S&P 500 Closes Near Record as Tech Keeps Rallying: Markets Wrap
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(Bloomberg) — Another rally in tech companies after an artificial intelligence-driven rout drove stocks higher ahead of economic data that will help shape the Federal Reserve outlook. Gold topped $5,000. The dollar fell.
Swiss Watch Giant Gets Bullish as an Activist Pushes for Change
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(Bloomberg) — American activist investor Steven Wood’s one-man mission to overhaul the governance and culture of Swatch Group AG just became a lot harder.
UBS to Hire 50 Hong Kong Wealth Bankers After Record Revenue Year
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(Bloomberg) — UBS Group AG plans to hire about 50 bankers for its wealth business in Hong Kong after its North Asia wealth business raked in record revenues last year, according to a senior executive.
